Housing Wire

APRIL 13, 2021

Title insurers wrote $19.2 billion in premiums last year, but a recent report from the American Land Title Association predicts a slowdown in 2021 due to – you guessed it! – low inventory. Just how fruitful was 2020 for title insurers? billion in 2021, while First American reported $694.6 billion in 2019.

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Housing Wire

JUNE 26, 2023

Rising mortgage rates , lower homebuyer demand and fewer homeowners choosing to sell their homes caused the housing market to slow during the second half of 2022. In the title insurance industry this resulted in a drop in capital adequacy , according to a report released Friday by Fitch Ratings.

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Housing Wire

FEBRUARY 24, 2022

Fast forward to Thursday, and Opendoor reported losing $662 million in 2021. Opendoor’s losses came after iBuyer Offerpad announced it made $6 million in net income for 2021. Opendoor resold 21,725 of the homes it bought in 2021, up 119% from 2020. billion in unsold real estate inventory. The company tallied $8.0

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Housing Wire

MARCH 9, 2022

the M&A-hungry parent of cloud-based real estate brokerage Fathom Realty , achieved supercharged growth in 2021. million GAAP net loss for 2021, despite having increased revenue 87% to $330.2 Harley and Fregenal also cited Fathom’s growing mortgage, technology and title insurance sectors as sources of profitability in the future.

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Housing Wire

FEBRUARY 21, 2024

Many analysts who cover the mortgage industry believe that the worst of the current cycle may be in the rearview mirror. In 2022 and 2023, quickly rising mortgage rates and shrinking volumes sent shockwaves through the industry and prompted massive job cutbacks. According to data from the U.S.

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Housing Wire

JULY 30, 2023

Tracking housing inventory this summer is like watching a zombie slowly walking on the beach. Last week inventory growth dropped and new listing data declined again. Strong labor data pushed up mortgage rates and purchase applications fell week to week. Instead, new listings data had a small decline last week.

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Housing Wire

MAY 21, 2023

The 10-year yield rose noticeably, sending mortgage rates near 7% right in the heart of the spring selling season. New listings data fell, however, active inventory grew. Mortgage rates rose last week as we started the week at 6.55% but ended at 6.90%. It was a wild ride for the housing market last week! million to 1.04

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Housing Wire

SEPTEMBER 16, 2021

When it comes to housing and mortgage markets this fall, most attention is being focused on the expiration of eviction and foreclosure moratoria and the pending completion of forbearance terms for many homeowners. by the end of 2021, and likely dropping below 4% by the end of 2022. Exhibit 4.

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Housing Wire

JUNE 1, 2022

I’m sure you’ve all heard ad nauseam about the low housing inventory impacting the market. Despite that, the 2022 RealTrends top real estate brokerage firms did a record number of transaction sides in 2021 (our 2022 rankings are based on 2021 data). If you want to check out the June 2021 HousingWire Magazine, go here.

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Housing Wire

JANUARY 25, 2022

By all accounts, most mortgage companies enjoyed a solid 2021 and likely generated decent cash over the last two years. As we move forward into 2022, I believe cash will truly be king in the mortgage industry. In the mortgage business, many expenses are front-ended. How do you manage that?

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Housing Wire

FEBRUARY 10, 2022

The company’s total revenue for 2021 was up 30% from 2020 to a record of $9.2 At the beginning of 2021, we announced our intention to expand our title plant footprint from 500 counties to 1500 by the end of that year. billion in revenue from its title insurance and services segments, a 13% year-over-year increase. population.

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Housing Wire

APRIL 4, 2022

The FHA also insured more than twice as many loans to Black and Hispanic borrowers last year as the rest of the mortgage market combined. As interest rates rise, so do the monthly mortgage payments, which could be problematic for low-to-moderate income borrowers, said Alex Naumovych, loan officer at Draper & Kramer Mortgage.

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Housing Wire

JUNE 6, 2022

The deadline for the mortgage industry to chime in on the Federal Housing Administration ‘s (FHA) proposed 40-year loan modification rule was at the end of May. As of September 2021 the MMIF was nicely cushioned, with a capital ratio of 8.03% — almost four times the required statutory minimum.

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Housing Wire

APRIL 28, 2022

After a record breaking year in 2021 , 2022 is off to a slow start for “big four” title insurer First American Financial. Our company delivered good financial results in the first quarter, our seasonally slowest period,” CEO Ken DeGiorgio said during the company’s first quarter 2021 earnings call with investors on Thursday.

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Housing Wire

JUNE 1, 2022

The same 2021 Pew survey , 70% of Americans said young adults today have a harder time buying a home than their parents’ generation did. According to the Mortgage Bankers Association (MBA), total loan production expenses increased to an all-time high of $9,470 per loan in the fourth quarter of 2021. About half of U.S.

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Housing Wire

APRIL 19, 2021

The Consumer Financial Protection Bureau (CFPB) is making good on its threats to police mortgage servicers. The agency sent data requests to mortgage servicers on how they are handling forbearance programs and whether the temporary debt relief is likely to get borrowers back on their feet, unnamed sources told Reuters.

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Housing Wire

APRIL 17, 2023

Austin, Texas In 2021, Austin had one of the hottest housing markets in the country. In early 2023, however, as inventory in Austin has become more and more constrained, buyers have become accustomed to the higher mortgage rates and demand has ticked up. This popularity has resulted in constrained inventory.

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Housing Wire

MAY 24, 2023

The Federal Reserve ‘s monetary tightening policy and the recent banking crisis have the potential to change the mortgage-backed securities (MBS) market’s dynamics more than anything seen over the last two decades, according to secondary market experts. “A 30-year fixed rate mortgage is an unusual beast,” Boston said.

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Housing Wire

APRIL 28, 2022

Due to rising mortgage rates, soaring home prices and low inventory, the title insurance industry is falling precipitously from the record highs achieved during the pandemic. And its investment in technology support and innovation have helped the title insurer deliver consistent service to its customers, he said.

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Housing Wire

JUNE 15, 2022

And it’s led to several sleepless nights for mortgage loan originators and mortgage executives. Such volatility has triggered turbulence in the mortgage market. The mortgage-backed securities (MBS) market went “no-bid” on Friday. Consequently, mortgage rates leapt like they hadn’t in decades.

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Housing Wire

APRIL 12, 2024

While the slowdown has resulted in a return to pre-pandemic levels of market activity, real estate agents across the state believe that an issue far greater than 7% mortgage rates may cause the housing market to slow further. “We We have an insurance problem,” said Charlotte Johnson , a Keller Williams agent based in Mandeville.

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Insurance Housing Market Marketing Agents 403

Housing Wire

FEBRUARY 14, 2023

Consumer prices continued to climb in January, but they rose at the lowest yearly pace recorded since October 2021, according to data released Tuesday by the Bureau of Labor Statistics (BLS). in January, its smallest yearly gain since December 2021. The Consumer Price Index rose by 6.4% in January compared to a year ago. in December.

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Housing Wire

JUNE 29, 2022

When a property is enrolled in the platform, Knox automates and oversees the property’s finances and taxes, insurance, leasing, banking and bill pay, according to the company’s website. The funding comes shortly after Knox launched its first mortgage product, dubbed the Knox equity access program (KEAP), in April.

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Housing Wire

JUNE 8, 2021

billion as of March 31, 2021 and is one of America’s largest specialized home improvement lenders. EnerBank funds most of its loans on its balance sheet through FDIC -insured brokered CDs; it also charges fees to the contractors. Regions’ acquisition of EnerBank from CMS is expected to close in the fourth quarter of 2021.

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Housing Wire

JUNE 23, 2021

With low housing inventory and rapid home-price growth, homeownership can seem less and less attainable for several groups of potential homebuyers. Record-high demand for homes coupled with historically low inventory has driven prices up precipitously. According to the Radian Home Price Index , home prices rose 9.2%

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Housing Wire

OCTOBER 16, 2023

Up from 45% last year and a notable increase from 37% in 2021, the report also mentioned that this share of first-time homebuyers likely hasn’t been this high since 2010, when there was a first-time homebuyer tax credit. It’s true that first-time buyers make up a larger piece of a smaller pie, as housing inventory shrinks.

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Housing Wire

FEBRUARY 1, 2023

Interest rates, though down slightly in recent weeks, are still double what they were at the end of 2021, and the Federal Reserve continues its monetary tightening policies to fight inflation. Nobody was doing buydowns in 2020 and 2021 [when 30-year fixed mortgage rates were in the 3% range]. in year one, go to 5.2%

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Housing Wire

JULY 12, 2023

from last June, the lowest since late 2021 but still well above the Fed’s target. This is the smallest 12-month increase since the year ending March 2021 and the 12th consecutive month of inflation declines. Indexes that increased in June include shelter, motor vehicle insurance, apparel, recreation, and personal care.

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Housing Wire

MARCH 11, 2021

For the housing industry, Biden’s American Rescue Plan is an enormous buoy at a time when home prices are sky-high , inventory is low, and millions are struggling to make rent and mortgage payments. Among the unknowns servicers face in 2021 are changes that could affect lender-placed insurance (LPI).

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Housing Wire

OCTOBER 5, 2023

As the housing market suffers through a drought of home sales and related mortgage originations in the current high-rate environment, home prices and home equity continue to climb, helping to spark a revival of another sector — home equity lending and investment. billion, according to a review of bond-rating and industry reports.

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Housing Wire

FEBRUARY 21, 2023

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

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Housing Wire

MARCH 21, 2022

With no money to pay their mortgages, some underwater borrowers simply abandoned their homes. In August 2021, the Consumer Financial Protection Bureau (CFPB) stipulated in its servicing guidelines that it was “fair game” for servicers to foreclosure a vacant property because it was better for the local community’s safety.

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Housing Wire

AUGUST 10, 2022

million reported in Q2 2021, but down from the $45 million recorded a quarter ago. “We In the second quarter of 2022, even as mortgage rates reached some of their highest levels in over a decade, the firm saw a 16% uptick in purchase orders closed from the first quarter. The firm’s GAAP net loss for the quarter was $58.65

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Inventory Investors Technology Marketing 379

Housing Wire

OCTOBER 28, 2021

Realogy has made $296 million in the first nine months of 2021. The vast majority of Realogy’s operations are tied to sales commissions, service fees from title insurance and fees collected from franchise affiliates that use one of the Realogy brand-names. The Madison, New Jersey-based business reported $2.19 billion in revenue.

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Housing Wire

JUNE 4, 2023

Last week we saw a noticeable slowdown in housing inventory growth that I hope has more to do with a holiday week than a trend. Mortgage rates fell last week after the debt ceiling issues were resolved, but the damage from higher rates took its toll on purchase application data again.

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Housing Wire

AUGUST 10, 2023

The increasing share of owner-occupant buyers is also evidence that extremely tight housing inventory is prompting more retail buyers to take on the additional challenges that come with buying a distressed property at auction. The estimated monthly mortgage payment — including property taxes and insurance — required just 22.7%

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Housing Wire

SEPTEMBER 23, 2022

Stick around and see if mortgage rates climb into the 7% range. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. Mortgage-backed securities are right about the worst place on the duration spectrum for this move. .” Blake Bianchi, CEO of Future Mortgage.

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